Trek subject to 25% tarrif? Will be interesting to see impact on my Project One order!!
Well, one reason I did my Project One bike order this morning at my LBS is to lock in the price before any possible tariff news, but will that really work?
As promised, Trump imposed a 25% tariff on Canadian non-energy imports this morning, so tonight Canada reacted: as of Tuesday, Canada's retaliatory 25% tariffs start on a first batch of goods that includes "sports equipment".
So when Trek ships that bike into Canada in one or two months, I expect someone has got to pay an extra large and unexpected duty...and it won't be me!
In the worst case the store might try and back out of the deal, but I have my deposit receipt showing the balance owing.
This is going to be interesting!